that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this morning. markets reacting quite like this, the dow down about 12 points, s&p positive by about three, and the nasdaq up about 15. meantime in hong kong, they are already celebrating the new year. this is a live picture of what's happening on the other side of the planet and that scene will be a lot more familiar to those on the east coast in just a few hours time. meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all kinds of predictions becaus